12.4% CAGR of Microbial Identification Market Focus On Estimation, Research and Future Growth by 2031
Pune, Maharashtra, India, September 16 2022 (Wiredrelease) Prudour Pvt. Ltd –:Microbial Identification is the process of determining the identity of a microbe. This can be done by looking at the microbe’s physical characteristics, its genetic makeup, or its biochemical properties. Microbial identification is an important tool in many fields, including medicine, agriculture, and food production.
The global microbial identification market size is estimated to be USD 3.3 billion in 2020 and is projected to reach USD 5.8 billion by 2025, at a CAGR of 12.4%
The increasing demand for rapid and accurate microorganism identification methods is anticipated to drive market growth over the forecast period 2022-2032. Technological advances in DNA sequencing and next-generation sequencing (NGS) platforms are expected to offer growth opportunities for market players over the forecast period. In addition, the development of novel microorganism identification platforms is expected to propel market growth. For instance, in September 2018, Bruker launched MALDI Biotyper CA System for clinical applications, which can identify more than 3,000 microorganisms within 3-5 minutes.
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Microbial Identification Market Dynamics:
Driver: Rising incidence of infectious disease and increased frequency of pandemics
Microbial identification is used primarily for the diagnosis of human diseases. It provides reliable and rapid results that allow for timely treatment. Microbial identification products are a great tool for managing infectious diseases in areas that lack adequate healthcare infrastructure. There are approximately 1,400 possible human diseases caused by pathogens. About 350 million foodborne diseases are caused by pathogenic bacteria. In the US, 48 million cases of foodborne illness occur each year. This results in approximately 128,000 hospitalizations every year and 3,000 deaths. Poor water hygiene can lead to 1.7 million deaths per year in the world. 9 out of 10 deaths are caused by poor water hygiene. These deaths are most often observed in developing countries (NCBI).
Restraint: Automated microbial identification systems are expensive
The most advanced and expensive automated microbial identification tools are highly priced. A MALDITOF-based system costs between USD 150,000 and USD 850,000. Consumables for identification are expensive and labor costs are higher. The cost of many new rapid tests ranges from USD 100 to USD 250. They are significantly more expensive than traditional culture methods. Some end users are not able to afford the estimated costs of instruments, media and labor.
– This study will provide an in-depth analysis of the global “Microbial Identification” market, current and future trends to help investors understand the potential investment opportunities.
– You will find information on the market’s key drivers, their limitations and potential impacts, as well as the impact of these factors on Microbial Identification market size.
– Porter’s Five Forces Analysis illustrates the potential of buyers and suppliers in the industry.
– To determine market potential, a quantitative analysis of the market from 2016-2022 is performed.
To improve their market position on the global Microbial Identification marketplace, key players now focus on product innovations, mergers/acquisitions, recent developments and joint ventures, collaborations, and partnerships. Market players compete based on product quality. This market is dominated by major players who invest in R&D, manufacturing, and infrastructure development. They also look to integrate opportunities across the value chain.
Invisible Sentinel was purchased by bioMerieux (US) in 2019. This acquisition will allow bioMerieux to improve its food-pathogen testing and spoilage detection capabilities. It will also expand its customer base into new segments such as wineries or breweries.
Thermo Fisher Scientific, USA (US) has opened a food safety solution center in Delhi. The new center will focus on satisfying the needs and demands of scientists in the field of food and drink laboratories. It will develop critical workflows, and integrate solutions to help increase India’s food security capacity.
Merck (Germany), has partnered up with the FSSAI in 2019 to help develop food safety skills. Merck gave a fully equipped laboratory for microbiological testing to the FSSAI in exchange for training on the latest technologies.
Key players operating in the global Microbial Identification market are:
Becton, Dickinson and Company
Thermo Fisher Scintific Inc.
Charles River Laboratories Inc.
Worldwide Microbial Identification Market Segmentation
Analysis by Product Type
Analysis by Applications Type
Regional Segment Analysis of the Microbial Identification Market
– North America (U.S., Canada, Mexico)
– Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
– Asia-Pacific (China, Japan, India, Rest of APAC)
– South America (Brazil and the Rest of South America)
– The Middle East and Africa (UAE, South Africa, Rest of MEA)
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Research Methodology by Market.us
Five phases will be used to conduct research on the keyword market. These include primary research as well as secondary research. Subject matter expert advice and quality control are also included. After gaining a better understanding of the requirements, secondary research was conducted to identify segment specifications, qualitative and quantitative data as well the factors driving the market growth. Secondary sources used in the study are press releases, annual reports from companies and research papers that relate to the industry.
For precise information on market expansion opportunities, data was also gathered from various sources, including trade journals, industry magazines, government websites and associations. Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Faction, Bloomberg, One Source and Hoovers, which proved to be useful for in-depth technical study of the market.
This report answers the following 12 key questions
1. Is Microbial Identification a booming industry?
2. How big is the Microbial Identification market?
3. How fast is the Microbial Identification industry growing?
4. Who are the key players in Microbial Identification?
5. Which industry uses Microbial Identification the most?
6. What is the Microbial Identification market growth?
7. Which region held the largest arMicrobial Identification market share?
8. What factors drive the Microbial Identification market?
9. What are the business risks and threats to the market?
10. What are the emerging trends in this market and the reasons behind them?
11. What are some changing demands of customers in the market?
12. What are the new developments in the market? Which companies are leading these developments?
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Chapter 1 Preface
This segment provides opinions of key participants, an audit of Microbial Identification industry, market outlook across key regions, financial services, and various challenges faced by Microbial Identification market. It briefly introduces the global Microbial Identification market. This section depends on the Scope of the Study and Report Guidance.
Chapter 2 Executive Summary
It elaborated market outlook by segmentation in Microbial Identification market. In addition, it also represents the market snapshot covered in the report.
Chapter 3 Market Dynamics
This section comprises current market dynamics in the Microbial Identification market. Such as key driving factors, major opportunities areas, restraining factors, & recent trends in Microbial Identification market. It also includes SWOT analysis and Porter’s five force analysis. This help to identify the key growth factors and challenges in the Microbial Identification market.
Chapter 4 Global Microbial Identification market Analysis, Opportunity, and Forecast, 2016-2032
This chapter comprises the current scenario of the Global Microbial Identification market in 2021, including forecast estimation for 2023-2032.
Chapter 5 Geographic Analysis
This section has covered in-depth regional market share analysis and carefully scrutinized it to understand its current and future growth, development, and demand scenarios for this market.
Chapter 6 Covid-19 Impact
This section briefly describes the positive and negative impact of the COVID-19 Pandemic on the Global Microbial Identification Market.
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Chapter 7 Pricing Analysis
This chapter provides price point analysis by region and other forecasts.
Chapter 8 Competitive Landscape
It includes major players in the Microbial Identification market. Moreover, it also covers the detailed company shares analysis in the report based on their product’s demand, and market served, the number of products, applications, regional growth, and other factors.
Chapter 9 Research Methodology
The research methodology chapter includes the following main facts,
9.2 Secondary Research
9.3 Primary Research
Chapter 10 Conclusion
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